🚀Bitcoin Ready to Rise Again (short-term)🚀
Updated
💡 After Grayscale Emerges Victorious Against SEC in ETF Case, Bitcoin was able to break the 🔴Resistance Zone($27,000-$26,350)🔴.
❓The question here is, will Bitcoin find an upward trend❗️❓
🌊Let's look at the movements of Bitcoin in terms of Elliott Wave theory.
🌊In my opinion, Bitcoin is still in corrective waves after yesterday's rise, so that it is currently completing microwave 4 of microwave C of the main wave 4.
🌊The correction structure of wave 4 is a Zigzag correction type(ABC/5-3-5).
🌊Microwave 4 of microwave C of the main wave 4 can be considered as a pull back to the broken 🔴Resistance Zone($27,000-$26,350)🔴.
🔔I expect microwave 4 of microwave C of the main wave 4 to end at 🟡Price Reversal Zone(PRZ)🟡 and Bitcoin to start rising again (the main wave 4 🎯target🎯 could be near the Resistance Line).
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🌐➕Positive News➕🌐:
🔥Breaking: Bitcoin Price Surges as Grayscale Emerges Victorious Against SEC in ETF Case.🔥
Bitcoin (BTC) HODL Metrics at Five-Year Highs.
Binance to serve Belgian users via Polish arm.
Jacobi spot Bitcoin ETF classed as ‘environmental investing’ by issuer.
Coinbase shares jump 14% amid market revelry over Grayscale win.
Binance launches Send Cash in Latin America.
Elon Musk’s X moves closer to crypto payments with new state license.
🌐➖Negative News➖🌐:
16 Bitcoin mining companies have $4.47 billion in losses in a year.
Binance considers a full exit from Russia: WSJ
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Bitcoin Analyze ( BTCUSDT ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
❓The question here is, will Bitcoin find an upward trend❗️❓
🌊Let's look at the movements of Bitcoin in terms of Elliott Wave theory.
🌊In my opinion, Bitcoin is still in corrective waves after yesterday's rise, so that it is currently completing microwave 4 of microwave C of the main wave 4.
🌊The correction structure of wave 4 is a Zigzag correction type(ABC/5-3-5).
🌊Microwave 4 of microwave C of the main wave 4 can be considered as a pull back to the broken 🔴Resistance Zone($27,000-$26,350)🔴.
🔔I expect microwave 4 of microwave C of the main wave 4 to end at 🟡Price Reversal Zone(PRZ)🟡 and Bitcoin to start rising again (the main wave 4 🎯target🎯 could be near the Resistance Line).
--------------------------------------------------------------------------------
🌐➕Positive News➕🌐:
🔥Breaking: Bitcoin Price Surges as Grayscale Emerges Victorious Against SEC in ETF Case.🔥
Bitcoin (BTC) HODL Metrics at Five-Year Highs.
Binance to serve Belgian users via Polish arm.
Jacobi spot Bitcoin ETF classed as ‘environmental investing’ by issuer.
Coinbase shares jump 14% amid market revelry over Grayscale win.
Binance launches Send Cash in Latin America.
Elon Musk’s X moves closer to crypto payments with new state license.
🌐➖Negative News➖🌐:
16 Bitcoin mining companies have $4.47 billion in losses in a year.
Binance considers a full exit from Russia: WSJ
--------------------------------------------------------------------------------
Bitcoin Analyze ( BTCUSDT ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Trade active
Note
The 🟡Price Reversal Zone(PRZ)🟡has held Bitcoin well, and I still expect an increase in this zone.Trade closed: stop reached
SEC Can Keep Blocking Bitcoin ETFs, But A Grayscale Win Bodes Well For These StocksThis news changed the scenario
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